Seed Transformation Network (STN) Ghana Chapter has inducted new members into the network at an event held at the Labadi Beach Hotel in Accra.

The class of 2021, known as cohort 11, are the latest group of business leaders to complete the year-long online Stanford Seed Transformation programme to prepare and empower them to grow and scale their businesses to positively impact the Ghanaian economy.

The new members were taken through intensive sessions facilitated by Stanford Graduate School of Business faculty and industry experts, supported by Stanford-trained advisors using experiential approaches.

The mission of STN Network is to transform local businesses into international players by creating a learning environment for members through partnerships to grow their businesses.

Linda Yaa Ampah, President of the Stanford Seed Transformation Network, Ghana and founder of Cadling Fashions and KAD Manufacturing Ltd, welcomed the new members and urged them to apply the learnings from the training programme to scale up their businesses.

She said being a member of the network has several advantages and opportunities that can be beneficial for the businesses of new members and encouraged them to make use of them.

 “I entreat you all to play your part in building the Ghana chapter of the network by participating in all programmes and taking advantage of the opportunities created by the network through the Ghana Stock Exchange and Fidelity Bank.”

“We are committed to the growth of the Ghanaian economy and we will support our members to face the new challenge that lies ahead especially with the opening of the African market through the continental free trade area (AfCFTA),” she added.

The network also launched the STN Ghana Scholarship Fund to support students who require assistance to pursue higher education at the tertiary level.

The scholarship will commence in the 2022/23 academic year with students from the University of Ghana, Legon and be expanded to at least 5 other universities over the next 10 years. This will be financed through the fundraising activities of the network.

The Rector of GIMPA, Professor Samuel Bonsu who was the special guest of honour, launched the fund and said “Education is the most important investment that can be made in one's future. It is a powerful agent of change that improves health and livelihoods.”

He applauded the network for taking a bold step to assist students requiring support and advised the executives to pay attention to their environment, be receptive and adaptive, and work to resolve business challenges while helping develop the human capital of the country”.

The scholarship will be administered and managed by the STN Ghana Scholarship Committee headed by Rev. Sammy Adjepong with Constance Swaniker, Prince Arkutu and Doris Ankama-Asamoah as committee members.

The event provided the platform for the executives and members of the network to engage and interact with the new members to share their experiences of the Stanford Seed Transformation programme.